@Jonathan Orr if you get a chance, watch the NFL draft this Thursday-Saturday, not for the sports part of it, but to monitor the thoughts about Detroit from the visiting media.Us Detroiters are expecting a LOT of positive feedback on how the city has improved in the last 10 years.PM us if you'd like to chat:)

Quote from @Liliana Bennett: Simon provides a good list, but that doesn't mean every PM performs all those tasks.

You only want positive reinforcements, but you need to go back and take a hard look at both of those deals you bought and see why they didn't perform as expected.

Make sure you're performing credit checks, background checks, verifying income (calling employers and even checking bank statement if you need to), and calling former landlords to inquire about/confirm their habits as a tenant (cleanliness, respect for neighbors, paying rent on time, etc.).If you don't think you're capable of this, definitely find a good property manager!

Here's more info:It's very easy to have an 'Engineering Based Cost Segregation' study performed to see where you can get back some serious money, using your rentals, from the IRS (most CPA's don't have the education or experience to do this for you- you need to use Enginering CPA's). 

In the Reno, NV area there are single family portfolios that are out performing the multifamily. 

I am on the buy-side of a transaction with a seller that did not perform and is in breach of contract. 

@John Carr Many investors have moved away from the 'deposit' language and use a 'performance fee' instead.

Hello All -I have a portfolio of a few SFHs, and would like to be able to see an overview of how my portfolio is performing.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.